Selan Exploration Technology Limited has received a Letter from the Ministry of Petroleum and Natural Gas stating they have approved the proposal for grant of extension of 10 years w.e.f. 13.03.2020 for the entire contract area measuring 36 Sq. Km of Bakrol Field. The letter further requests the Directorate General of Hydrocarbons to inform the Company about the approval of extension of the PSC for the Bakrol field, as per extant policy for extension of PSC for small, medium and discovered field, 2016.